Apex Resources Inc V.APX

Alternate Symbol(s): SLMLF

Metals & Mining Industrial Metals & Minerals

Apex Resources Inc. is a mineral exploration company engaged in the business of the acquisition, exploration, and development of mineral resource properties. The Company has a portfolio of properties, including Jersey-Emerald tungsten-zinc mine in southern British Columbia (BC) and the Ore Hill gold property in southern BC. The Jersey-Emerald property is located in southeastern BC, about 50 kilometers (km) south of the town of Nelson and eight km southeast of the community of Salmo. It consists of approximately 120 mineral claims and 44 crown grants over an area of approximately 17,500 hectares (ha). The Ore hill Gold-Silver Property is located about 15 km east of the mining town of Salmo in southern BC, Canada. The 2,000-ha, road accessible property is situated at the south end of the 10 km long Sheep Creek Gold Camp with gold production of almost 800,000 ounces at an average gold grade of 14.4 g/t. The Ore Hill property covers the Ore Hill and Summit gold mines.

TSXV:APX - Post by User

Apex Resources Inc

Bullboard Posts

Comment by grizfishon Oct 18, 2010 11:28pm

252 Views

Post# 17580184

RE: Research report

Interesting report TM.

Especially the value given for the Kena property. $50/oz Measured and indicated Gold. $25/oz Inferred Gold. That was based on a 43-101 estimate completed in 2004 where they gave Sultan a fair value estimate of
.26/share.

They have found a large amount of near surface, high grade Gold since then. I believe, at the time (2004) there were no holes drilled deeper than 200m. So, the hole drilled in 2008, which had a continuous 0.5 g/t Au for 430m of the total 435 m was not included either. Plus, many more.

Bullboard Posts

How one company is disrupting PoC testing